I feel like quibbling so I’m going to quibble a bit with Cow_tipping a bit:
“Now the credit bubble it was national, every 2 bit drunk bought a house, be it in Illinois or be it in CA, and every area is bubblicious.?
The credit bubble is much more than national. China, Japan, Europe, Australia and and more also have bubblicious levels of credit, often times manifesting itself in re markets. The cracks are forming in many of these areas as we speak.
